ECB's Mario Draghi said that the euro zone's looked brighter than it had done for the last 7 years. And he's not the only one seeing some light.» Read More
PARIS-- The burglars dashed out the back door with seven masterworks, then sped on screeching tires into the night. If the thieves who robbed Rotterdam's Kunsthal exhibition this week don't have a plan, the stolen art could quickly become a burden.
LONDON-- Campaigners say British lawmakers are headed for another clash over their expenses _ three years after six legislators were jailed amid revelations that politicians had billed the public for items including an ornamental duck house and pornographic movies.
MEMPHIS, Tenn.-- AutoZone Inc. said Thursday that it elected PepsiCo executive Enderson Guimaraes to its board. In addition, AutoZone said two of its current board members, William Crowley and Robert Grusky, will not stand for re-election at the company's annual shareholder meeting in December. AutoZone's stock rose $2.08 to $371.55 in midday trading.
PARIS-- Shoe hats, lobster dresses, and spiraling goggle glasses could easily be part of a closet inventory belonging to Lady Gaga. The house of the influential fashion designer, and hated rival of Coco Chanel, is being revived this fall, in one of the most highly anticipated fashion events of 2012 in Paris.
ATHENS, Greece-- Labor unions in recession-hobbled Greece are holding another general strike against a new harsh austerity program, as European leaders beset by a deep debt crisis and economic stagnation gather for a summit meeting in Brussels.
BANGKOK-- Asian stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and enabled investors to overlook slower growth in China. The U.S. Commerce Department said builders started construction on new single-family houses and apartments at the fastest pace in more than four years.
BEIJING-- China's economic growth tumbled to the lowest in more than three years in the latest quarter but retail sales and investment improved in a possible sign a painful slump might be stabilizing.
NEW YORK-- Align Technology Inc., which makes the Invisalign clear braces system, slumped Wednesday after the company gave disappointing estimates for its third-quarter results and offered a weak fourth-quarter forecast. Align Technology shares skidded $7.05, or 20 percent, to $28.36 in aftermarket trading following the announcement.
MINNEAPOLIS-- 3 M Co. makes an array of stuff that, taken together, can be a good indicator of where the economy is today, and where it's headed. That's what investors will be looking for when 3 M reports third-quarter results on Tuesday. WHAT TO WATCH FOR: 3 M makes Post-it notes.
Offshore drilling contractor Noble Corp. said Wednesday that its third-quarter net income fell 15 percent because of delays for ships and rigs in the Gulf of Mexico and offshore Brazil. The Zug, Switzerland, company's net income totaled $114.8 million, or 45 cents per share, in the three-month period that ended Sept. 30.
KALAMAZOO, Mich.-- Medical device maker Stryker Corp. cut its 2012 net income forecast on Wednesday and issued a disappointing outlook for 2013, pointing to weak sales of equipment and the sluggish economy in Europe. "We expect market conditions to remain challenging in Europe and for capital equipment," President and CEO Kevin Lobo said in a press release.
BATON ROUGE, La.-- Specialty chemical maker Albemarle Corp. said on Wednesday that its third-quarter net income fell 14.5 percent and warned that the fourth quarter will be even more difficult. The company said it earned $99.3 million, or $1.10 per share, for the quarter that ended Sept. 30. That was down from $116.1 million, or $1.28, during the same period last year.
LARISSA, Greece-- The world's oldest profession is giving a whole new meaning to love of the game. Players on a cash-strapped Greek soccer team now wear pink practice jerseys with the logos " Villa Erotica" and " Soula's House of History," two bordellos it recruited as sponsors after drastic government spending cuts left the country's sports clubs facing ruin.
NICOSIA, Cyprus-- International ratings agency Standard& Poor's has cut Cyprus' credit rating to B, three notches deeper into junk because of the government's delay in swiftly negotiating a bailout with potential creditors in order to support its ailing banks. The agency also warned in a statement Wednesday that another downgrade could follow.
NEW YORK-- A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average. Better results from Mattel, Goldman Sachs, and Johnson& Johnson shot the stock market higher Tuesday.
NEW YORK-- IBM's stock is down more than 5 percent after the company reported disappointing third-quarter revenue and suggested demand in key markets may be slowing. Shares are down $10.69, or 5.1 percent, to $200.31 in late afternoon trading. It came to $24.7 billion, $700 million less than analysts expected.
EXIT: Royal Bank of Scotland, which was rescued in Britain's biggest bank bailout, is leaving a government emergency insurance program that helped stabilize the company after it nearly collapsed.
NEW YORK-- Shares of St. Jude Medical Inc. declined Wednesday after the medical device maker cut its 2012 revenue estimate and said it may get a warning from federal regulators about a defibrillator plant in California.
CAIRO-- Syria's wealthy, long cultivated by President Bashar Assad as a support for his regime, are seeing their businesses pummeled by the bloody civil war. Assad may not have lost the backing of Syria's business elite, but some are losing faith.
CLEVELAND-- Parker Hannifin Corp., which makes industrial hoses, airplane wheels and other products, said Wednesday that it has agreed to buy Sea Recovery from Denmark's Danfoss A/S. Cleveland- based Parker Hannifin will assume ownership of the business on Nov. 1. Parker Hannifin shares rose $1.85, or 2.3 percent, to $83.82 in afternoon trading Wednesday.